Insider Sale: PayPal Holdings, Inc. (NASDAQ: PYPL) Insider Sells 150 Shares
PayPal Holdings, Inc. (NASDAQ: PYPL – Get a rating) insider Gabrielle Scheibe sold 150 shares of the company in a trade dated Friday, September 16. The shares were sold at an average price of $94.95, for a total value of $14,242.50. Following the completion of the sale, the insider now directly owns 8,927 shares of the company, valued at $847,618.65. The sale was disclosed in a filing with the SEC, which is available via this hyperlink.
PayPal Price Performance
Shares of NASDAQ PYPL traded at $2.40 during Friday’s midday session, hitting $94.00. The company had a trading volume of 17,180,983 shares, compared to its average volume of 17,977,574. The company has a leverage ratio of 0.52, a quick ratio of 1.23 and a current ratio of 1.23. PayPal Holdings, Inc. has a one-year low of $67.58 and a one-year high of $282.50. The company has a market capitalization of $108.71 billion, a price-earnings ratio of 54.02, a PEG ratio of 2.09 and a beta of 1.45. The company’s 50-day simple moving average is $89.80 and its 200-day simple moving average is $90.94.
PayPal (NASDAQ: PYPL – Get a rating) last released its quarterly earnings data on Tuesday, August 2. The credit service provider reported earnings per share of $0.65 for the quarter, beating the consensus estimate of $0.54 by $0.11. The company posted revenue of $6.81 billion for the quarter, versus analyst estimates of $6.76 billion. PayPal had a return on equity of 16.79% and a net margin of 7.79%. On average, research analysts predict that PayPal Holdings, Inc. will post earnings per share of 2.89 for the current fiscal year.
A Wall Street analyst gives his opinion
Several stock analysts have recently released reports on PYPL shares. Sumitomo Mitsui Financial Group has downgraded PayPal from an ‘underperforming’ rating to a ‘neutral’ rating and raised its price target for the company from $90.00 to $100.00 in a research report from the Wednesday, August 3. Piper Sandler cut its price target on PayPal from $140.00 to $93.00 and set an “overweight” rating for the company in a Wednesday, July 6 research report. Truist Financial raised its price target on PayPal from $80.00 to $108.00 and gave the company a “hold” rating in a Wednesday, Aug. 3 research report. Credit Suisse Group raised its price target on PayPal from $95.00 to $110.00 and gave the stock an “outperform” rating in a Wednesday, Aug. 3 research report. Finally, UBS Group reduced its price target on PayPal from $143.00 to $136.00 and set a “buy” rating for the company in a Wednesday, August 3 research report. One research analyst rated the stock with a sell rating, twelve gave the stock a hold rating, and thirty-two gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.93.
PayPal Institutional Commerce
Several large investors have recently bought and sold shares of PYPL. Intelligent Financial Strategies acquired a new stake in PayPal stock during the fourth quarter worth approximately $37,000. Oliver Lagore Vanvalin Investment Group bought a new stake in PayPal in the first quarter worth around $28,000. Addison Advisors LLC increased its stake in PayPal by 100.7% in the first quarter. Addison Advisors LLC now owns 279 shares of the credit service provider worth $32,000 after buying an additional 140 shares in the last quarter. Vectors Research Management LLC increased its stake in PayPal by 116.5% in the fourth quarter. Vectors Research Management LLC now owns 301 shares of the credit service provider worth $57,000 after buying 162 additional shares in the last quarter. Finally, Disciplined Investments LLC increased its stake in PayPal to 82.9% in the first quarter. Disciplined Investments LLC now owns 311 shares of the credit service provider worth $36,000 after buying 141 additional shares in the last quarter. 70.67% of the shares are held by institutional investors and hedge funds.
PayPal Company Profile
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the names PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey and Paidy. The company’s payment platform enables consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and store balances in their PayPal accounts in 25 currencies.
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